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Social Sciences and the Law , debt / det/ • n. something that is owed or due: I paid off my debts | a way to reduce Third World debt. ∎ the state of owing money: heavily in debt.… Public Debt , public debt, indebtedness of a central government expressed in money terms, often referred to as national debt. The debt is computed differently by n… Bankruptcy , Bankruptcy is the legal process by which individuals or businesses declare their inability to pay their bills and are excused from paying all or part… Paxton's Case Gray, Mass. Repts., 51 469 (1761) , pay1 / pā/ • v. (past paid ) 1. [tr.] give (someone) money that is due for work done, goods received, or a debt incurred: [tr.] he paid the locals to… National Debt , National Debt
BIBLIOGRAPHY
A national debt is generated when a government runs a budget deficit for consecutive fiscal years; hence its expenditures… Due , due / d(y)oō/ • adj. 1. expected at or planned for at a certain time: the baby's due in August | he is due back soon | talks are due to adjourn tomor…
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NEARBY TERMS
Insecurity Clause